Germany to spend €22bn to prepare grid for green transition shutterstock

Germany to spend €22bn to prepare grid for green transition

Katerina Belousova

Germany needs to connect industrial south with north wind power

German grid company Amprion plans to invest about €22 billion over five years in its power grid to make it suitable for the transition to renewable electricity.

Germany plans to make the entire energy sector environmentally friendly by 2035, Reuters reports.

The material explained that in order to achieve the country's climate goals, electricity network operators must expand their infrastructure. After all, it is necessary to reach the objects of green energy and connect the industrial south with the northern wind energy. In addition, it will be necessary to connect new electrolysis plants for the production of green hydrogen.

It is noted that the operators' expenses are mainly covered by the network usage fee, which accounts for about a quarter of the electricity bills, and also due to external financing.

Earlier, EcoPolitic wrote, that CEO of Polish power grid operator PSE Tomasz Sikorski said the country needs invest approximately $116.11 billion in transmission and distribution networks, to prepare them for "green" energy.

As EcoPolitic previously reported, the International Energy Agency (IEA) claims that global investments in the power grid should reach $820 billion per year until 2030 to get on track to limit global warming to 1.5°C.

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In Ukraine, the share of RES reached 9.8%
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But the reason is not the rapid growth of the industry 

Solar and wind energy have become more profitable than fossil fuels, – IRENA
Solar and wind energy have become more profitable than fossil fuels, – IRENA

The long-term policy of supporting renewable energy accelerated its development, ensured the improvement of technologies and reduced costs

Climate target to triple global renewable energy by 2030 quite achievable –IEA
Climate target to triple global renewable energy by 2030 quite achievable –IEA

But this requires political will and simplification of permitting procedures